The global messaging security market revenue was around US$5.9 billion in 2022 and is estimated to reach US$ 21.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 14.3% during the forecast period from 2023 to 2032.

The messaging security market is the sector of the economy that is centered on delivering services and products and protecting communication channels from different online dangers. It contains a broad range of techniques and tools for assuring the confidentiality, availability, and integrity of communications sent over different platforms like instant messaging, email, and collaborative software. Organizations depend heavily on messaging platforms for their daily functions in the new digital age.

Factors Influencing Market Growth

- Factors like the increase in the requirement of regulations and rules and the rise in online threats primarily propel the growth of the global messaging security market.

- The increase in the cost of implementation and the complicatedness of security solutions hinder the growth of the messaging security market severely.

- The rise in the adoption of cloud platforms is anticipated to provide lucrative opportunities for the global messaging security market.

Impact of COVID-19

The demand for messaging security solutions has grown as a result of the unanticipated transition to remote work and greater dependence on digital communication platforms. Also, organizations had to quickly adjust to new work environments to ensure the privacy and security of their communication channels. The expanded threat of cyberattacks is one of the major effects of the COVID-19 pandemic on the messaging security sector. Cybercriminals have utilized the pandemic to commit specialized attacks including malware distribution and phishing campaigns, taking advantage of messaging platform weaknesses.

Regional Analysis

In 2022, North America dominated the global messaging security market in terms of revenue and is anticipated to maintain its position during the forecast period because of the growing dependence on digital communication, encrypted communication channels, and widespread usage of secure messaging services are significant trends and opportunities in the messaging security market in the region.

Also, Asia Pacific is anticipated to notice significant growth during the forecast period because of the solutions that solve certain difficulties of the e-commerce ecosystem of the Asia-Pacific region, like the integration of fraud detection systems, secure messaging with payment gateways, and messaging security providers have the opportunity to fulfill customer needs.

Leading Companies

The leading prominent companies profiled in the global messaging security market are: -

- Mcafee, Llc
- Cisco Systems, Inc.
- Trend Micro Incorporated
- Microsoft Corporation
- Broadcom
- Proofpoint, Inc.
- Sophos Ltd.
- Barracuda Networks, Inc.
- F-Secure
- Check Point Software Technologies Ltd.
- Other prominent key players

Segmentation Outline

The global messaging security market segmentation focuses on Component, Communication Mode, Deployment Mode, End User, and Region.

Segmentation based on Component

- Solution
- Service

Segmentation based on Communication Mode

- Email
- Instant Messaging

Segmentation based on Deployment Mode

- On-premise
- Cloud

Segmentation based on End User

- BFSI
- Government and Defense
- Healthcare
- Retail and E-commerce
- Media and Entertainment
- Manufacturing
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa